Physical precious metals serve a unique role in an investment portfolio. Unlike stocks and bonds, gold and silver coins can be held entirely outside of the financial system. They carry zero counterparty risk. They are the ultimate “buy and hold” safe-haven assets. 

Unfortunately, investors must often navigate through a barrage of fake news, myths, misinformation, and fraudulent pitches surrounding precious metals before arriving at the simple truth.

Investing in metals isn’t complicated; nor are the reasons for doing so. Gold and silver are hard money with centuries’ long track records.

You don’t buy bullion to get rich quick. You buy it to preserve wealth over time against the threats of currency depreciation and financial crisis. Opting for common, low-premium bullion products that sell close to spot prices is the most efficient way to invest. 

That’s precious metals investing in a nutshell.  But if you listen to financial and monetary establishment mouthpieces, you’ll likely be misled.

Lie #1: Gold Isn’t Money

Neither brokers, bankers, nor central bankers particularly want the investing public to view precious metals as a core holding. They prefer we think of gold as a “barbarous relic” of the past that no longer serves as money.

In an infamous exchange in 2011 between then Federal Reserve Chairman Ben Bernanke and pro-gold Congressman Ron Paul, Bernanke stated flatly that gold is “not money.”  This is the big lie of fiat money pushers and their ideological allies. 

It flies not only in the face of history, but also of the fact that central bankers themselves continue to hold and accumulate gold as monetary reserves.  In 2018, central banks around the world, led by Russia and China, added hundreds of tons of gold to their reserves.  In the first quarter of 2019, Russia boosted its pace of gold buying by a whopping 68%.

Gold isn’t a “barbarous relic” to major world powers seeking to divest themselves from U.S. dollars and insulate themselves from perceived threats out of Washington, D.C.

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